Virginia House Bill 1577 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2011 - 25% progression, died in committee
Action: 2011-02-08 - House: Left in Courts of Justice
Pending: House Courts of Justice Committee
Text: Latest bill text (Introduced) [HTML]

Duties of lien and secured creditors. Changes from 90 to 60 the number of days by which a secured creditor is required to submit for recording a satisfaction of a security instrument after the creditor receives full payment or performance of the secured obligation. The bill similarly changes from 90 to 60 the number of days by which a lien creditor is required, after full or partial payment or satisfaction has been made of a debt secured by a deed of trust, vendor's lien, or other lien, to provide a certificate of satisfaction to the settlement agent or deliver it to the clerk's office with the necessary fee for filing.

Lien and secured creditors; duties.

Sen. Rosalyn Dance [D]

Date	Chamber	Action
2011-02-08		House: Left in Courts of Justice
2011-01-12		House: Subcommittee recommends laying on the table by voice vote
2011-01-10		House: Assigned Courts sub: #2 Civil
2011-01-05		House: Referred to Committee for Courts of Justice
2011-01-05		House: Prefiled and ordered printed; offered 01/12/11 11102749D

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+HB1577
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+HB1577+hil